Merck’s credit rating raised by Standard & Poor’s to ‘A’
30-May-2013
- Germany
Standard & Poor’s announced that it raised Merck's long- and short-term corporate credit and issue ratings to “A/A-1” from “A-/A-2”. The outlook is stable.
Standard & Poor’s noted in its report: “The upgrade reflects our view that Merck’s credit metrics have continued to improve.” In March 2013, Merck renewed its existing € 2 billion syndicated loan facility with a 5-year tenor and extension options for a total of 7 years.
“It is the first time that a rating agency has assigned an A Rating to Merck,” said Matthias Zachert, Merck’s Chief Financial Officer. “For us, this is a clear signal that Standard & Poor’s acknowledges our efforts in relation to the ongoing transformation process.”
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